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CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 1,065,364 $ 2,248,466
Trade receivables, less allowance of $70,000 in 2016 and $122,000 in 2015 2,221,256 2,165,194
Inventories 2,254,034 2,119,805
Prepaid expenses and other assets 182,122 85,648
Income taxes receivable 242,131 102,778
Total current assets 5,964,907 6,721,891
PROPERTY, PLANT, AND EQUIPMENT, at cost:    
Land and building 6,366,352 6,391,555
Machinery and equipment 4,427,722 4,275,910
Office equipment 943,511 933,596
Vehicles 272,141 272,141
Construction in progress 3,103,129 2,491,432
Gross property, plant, and equipment, at cost 15,112,855 14,364,634
Less accumulated depreciation (6,546,593) (6,407,304)
Net property, plant, and equipment, at cost 8,566,262 7,957,330
INTANGIBLE ASSETS, less accumulated amortization of $130,004 in 2016 and $123,957 in 2015 344,291 336,096
Total assets 14,875,460 15,015,317
CURRENT LIABILITIES:    
Accounts payable - Trade 591,050 420,245
Accounts payable - Construction 96,166 333,339
Accrued compensation 397,033 350,518
Other accrued liabilities 94,561 31,000
Total current liabilities 1,178,810 1,135,102
DEFERRED INCOME TAXES 385,000 385,000
Total liabilities 1,563,810 1,520,102
STOCKHOLDERS' EQUITY:    
Common stock, par value $.10 per share; authorized 4,750,000 shares; issued and outstanding 2,018,753 shares in 2016 and 2,018,253 in 2015 201,875 201,825
Additional paid-in capital 2,712,247 2,703,050
Retained earnings 10,397,528 10,590,340
Total stockholders' equity 13,311,650 13,495,215
Total liabilities and stockholders' equity $ 14,875,460 $ 15,015,317